On July 22, 2022, Vince McMahon announced his retirement. While he is ready to bid farewell to WWE, his contribution to his growth over the years has boosted his net worth.
Vince, 77, has been the WWE Chairman and CEO for several years. The news of his retirement comes a month after he resigned from his position.
Several people were quick to respond to his decision, but the one who caught the eye was AEW CEO Tony Khan who didn’t hesitate to make jokes about the retirement news.
Vince McMahon net worth revealed
according to celebrity net worthVince’s fortune is estimated at $1.8 billion. He has been juggling many jobs over the years which has also helped him increase his value.
The outlet refers to him as “a professional American wrestling promoter, commentator, film producer, and occasional wrestler”.
Most of his wealth comes from the shares he owns for WWE. At the moment, he owns 28.7 million shares of WWE stock. He thus has 80% of WWE’s voting power and approximately 37% of the company’s total outstanding stock. In short, the higher the value of the WWE stock, the more it tends to turn a huge profit for Vince.
What did he say about his retirement?
Vince released a statement regarding his retirement and the same was posted on WWE website. Vince noted that he realized it was time to say goodbye to his role after being part of the company for several years. He continued to thank his family, staff, and current and former “superstars” for the support they have given to the brand over the years.
He also assured everyone that WWE would continue to do the same and admitted that he was putting his trust in the hands of Chairman and Co-CEO Stephanie McMahon and Co-CEO Nick Kahn.
Vince also made it clear that he remains the company’s largest shareholder and will continue to support it in any way possible.
What did Tony Khan tweet?
AEW CEO Tony was quick to respond to the news and didn’t hold back when he tweeted his response. He wrote, “Thank you wrestling fans and your great support for AEW, I am so grateful to be now the longest-lived CEO in pro wrestling. Thank you so much to everyone who watches AEW! See you at Friday Night AEW Rampage on TNT!”
His clever tweet sure got a lot of people talking and it was enough to get everyone’s attention.
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